Sydney-based ratings house SuperRatings has confirmed the degree to which the market uncertainty around sovereign debt has impacted on superannuation returns.
The SuperRatings analysis suggested the volatility experienced through May might ultimately mean the difference between achieving single digit or double digit returns.
The data showed that while financial year to date returns for the median balanced option had returned 13.86 per cent to 30 April, that return had declined to an estimated 9.8 per cent by yesterday, 26 May.
The SuperRatings analysis described May as being another example of the ongoing volatility.
“Whilst Australian super funds did little in April with just a 0.1 per cent loss, May has the potential to pull the year to date result below 10 per cent,” it said.
The SuperRatings analysis listed the top 10 balanced investment option funds over the last five years as being OSF Super — Mix 70 (7.3 per cent), BUSS(Q) — Balanced Growth (6.9 per cent), NGS Super — Diversified (6.8 per cent), Catholic Super — Balanced (6.6 per cent), Telstra Super Corp Plus — Balanced (6.6 per cent), Club Plus Super — Balanced Option (6.4 per cent), AustralianSuper — Balanced Option (6.3 per cent), Cbus — Core strategy (6.3 per cent), Local Super — Growth Option (6.3 per cent) and CareSuper — Balanced (6.2 per cent).
